World-News

Ellen Brown, Web of Debt: 'The notion that war is good for the economy goes back at least to World War II. Critics of Keynesian-style deficit spending insisted that it was war, not deficit spending, that got the U.S. out of the Great Depression. But while war may have triggered the surge in productivity that followed, the reason war worked was that it opened the deficit floodgates. The war was a huge stimulus to economic growth, not because it was a cost-effective use of resources, but because nobody worries about deficits in wartime.'

http://www.truth-out.org/war-fiscal-stimulus-last-resort/1315833669



Uncle Sam Does Not Want You

Steve Fraser and Josh Freeman, TomDispatch: "Along with the 'business cycle,' including stock market bubbles and busts and other economic perturbations, unemployment has been normalized. No one thinks it's a good thing, of course, but it s certainly not something that should cause us to question the way the economy is organized. Long gone are the times when unemployment was so shocking and traumatic that it took people back to the basics. We don t, for instance, even use that phrase 'the reserve army of labor' anymore. It strikes many, along with 'class struggle' and 'working class,' as embarrassing.'

http://www.truth-out.org/uncle-sam-doesnt-want-you/1315833817



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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
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